Royal Sundaram Vs ICICI Lombard Car Insurance Comparison 2024

Updated On: 2023-04-04

Author : Team Policybachat

Royal Sundaram and ICICI Lombard are two different car insurance companies that you can choose from, but some stand out and have a better reputation. The best car insurance company is the one that meets your needs and is worth the money you spend. It's important to compare Royal Sundaram vs ICICI Lombard Car Insurance companies to find the one that will work for you.

Royal Sundaram and ICICI Lombard Car insurance companies make their policies more attractive to consumers by offering different packages and discounts. Before going to buy a car insurance policy from the best car insurance company these factors are necessary.

  • The first factor to consider is the coverage. It is important to understand the type of coverage that you are looking for.
  • The second factor to consider is your driving history. You should know whether or not you have a clean driving record or if you have any accidents on your record.
  • The third factor to consider is your current insurance policy and its expiration date. You should also make sure that you are covered under your current policy before switching policies.

Comparing car insurance quotes from distinct carriers becomes easy to know. PolicyBachat made your work easy by showing a comparison between two carriers. Comparison of insurance online leads to cost efficiency due to low operating costs to maintain online.

PolicyBachat helps to calculate the pros and cons of the policy and buy the desired policy. We give you the distinction between the carrier backgrounds, claim settlement ratio, and network garages to configure the right insurance policy. This article will also help you understand the different factors that can affect your decision on which company to choose for your car insurance.

Key Points Royal Sundaram Car Insurance ICICI Lombard Car Insurance
Claim settlement ratio 92.23 76.53
Cashless Garages 4600+ 9700+
Solvency Ratio 1.87 1.59
Branches 158+ 165+
Customers across India 28 Million 1.5 Million
Claims Settled 98% 97.35%

Royal Sundaram Car Insurance:

In the last few years, Royal Sundaram Car Insurance has been one of the most popular car insurance providers in India. Royal Sundaram Car Insurance is a leading company in the field of car insurance. Royal Sundaram Car Insurance is a leading car insurance company in India with a nationwide presence and over 100 years of experience in providing quality services.

Royal Sundaram Car Insurance is the market leader in motor insurance. The company offers tailor-made policies designed specifically for individual needs, as well as group plans that can be customized according to the needs of your business or organization.

Type of plans
  • Comprehensive Car Insurance
  • Third Party Car Insurance
  • Personal Accident Cover
Add-on/Rider Options
  • Windshield Glass Cover
  • Voluntary deductible cover
  • Vehicle replacement value plus
  • Depreciation Waiver Cover
  • Loss of baggage cover
  • Spare car clause
  • NCB protector
  • Key Replacement Cover
  • Tyre Cover
  • Lifetime Road Tax Clause
  • Aggravation (Damage) Cover Clause
  • Enhanced Personal Accident Cover
Value-Added Services
  • 24x7 emergency assistance and priority cashless service from Trusted repair shops.
  • Multiple, hassle-free claims in less than 5 days
  • Car inspection process in just 20 minutes by M-INSPECT App.
  • M-CHATRA App for all Policy details, Claim Processes, and other requests.

ICICI Lombard Car Insurance:

ICICI Lombard Car Insurance is a leading company that offers insurance to its customers. The company was founded in 2015 by Bharti Enterprises. It provides insurance for cars, home, and other personal properties. However, ICICI Lombard General Insurance has been merged with ICICI Lombard General Insurance.

ICICI Lombard Insurance offers a range of car insurance plans that are suitable for everyone. They offer affordable car insurance coverage and they can be availed by both new and old customers. ICICI Lombard Car Insurance plans come with collision damage waiver, third party liability, uninsured/underinsured motorist coverage, and theft and fire protection, roadside assistance cover.

Type of plans
  • Private Car Package Policy
  • Stand-alone Own damage car insurance
  • Third Party Car Insurance.
Add-on/Rider Options
  • Roadside Assistance Cover
  • Zero Depreciation Cover
  • Engine Protect Cover
  • Garage Cash Cover
  • Consumables Protect Cover
  • Loss of Personal Belongings Cover
Value-Added Services
  • Instant e-policy without paperwork
  • Quick policy purchase online
  • 24x7 claim assistance
  • Cashless claim settlement at network garages.

Comparison of Royal Sundaram vs ICICI Lombard Car Insurance:

Royal Sundaram Car Insurance vs ICICI Lombard Car Insurance offers several offers and discounts. You can check all the latest information here and choose the best as per your taste and budget.

And, along with finding the best car insurance company and policy you further need to gain information about the best car insurance providers operating in India to insure your car. To ease your queries we created a table between these two insurance companies to select the best car insurance company.

Specifications Royal Sundaram car insurance ICICI Lombard Car Insurance
Damage due to Theft
Damage due to Accidents
Damage due to natural calamities, and Manmade Disasters
Personal Accident Cover
Third Party Vehicle and Property damage

More Coverages and Benefits:

Key Features Royal Sundaram car insurance ICICI Lombard Car Insurance
  • Minimal Documentation
  • Protection from inflation (No need to pay an extra amount even increase in Third Party premium)
  • Quick claim settlement
  • Vehicle replacement value plus
  • Quick Claim Settlement Process within 10 working days.
  • Instant motor claim settlement via InstaSpect
  • 24x7 customer service
  • User-friendly interface
  • Paperless transactions
  • Wide range of add-ons
  • Quick policy approval.
  • No Claim Bonus (NCB) cover is Up to 50%
  • Personal accident cover for all passengers and paid driver up to Rs. 50 lakh
  • Legal Liability for paid driver
  • Legal liability for passengers
  • Comprehensive cover for electrical/electronic/non-electrical fittings
  • Cover for CNG kit and Bi-fuel system
  • Personal Accident cover up to Rs. 15 lakh
  • No claim bonus (NCB) covers up to 50%
  • Third Party Cover is up to Rs.7.5 lakhs
  • Personal Accident cover for owner/driver.

Which Car Insurance Company is Best?

You need to choose an adequate and appropriate insurance plan with care. It is helpful to go through all the information above in the article to buy a car insurance policy beforehand. Best Car Insurance Company always provides several factors such as benefits, unique features, after-sale service, claim settlement records, and many more.

Get the top carrier quotes to distinguish the best car insurance company in terms of premium, coverage, and holding experience in the insurance sector. At PolicyBachat, the user can buy/renew a car insurance policy in simple easy steps instantly. Choose between Royal Sundaram Car Insurance vs ICICI Lombard Car Insurance which always provides what you need in time.

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